A merger of Honda, Nissan and Mitsubishi would create the world’s No. 3 auto group by sales
Makoto Uchida, president and CEO of Nissan Motor, and Toshihiro Mibe, Honda Motor president and CEO, attend their joint press conference in Tokyo on March 15.are expected on Monday to announce the start of business integration talks, according to Japanese media reports, as the auto makers look to survive a rapidly changing industry landscape.
A merger of the three Japanese brands would create the world’s No. 3 auto group by vehicle sales after Toyota and Volkswagen, in what would be the biggest industry-reshaping deal since the 2021 formation of Stellantis.Honda and Nissan have been exploring ways to bolster their partnership, including setting up a joint holding company, as they face growing challenges from Tesla and Chinese rivals, Reuters reported last week.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda and Nissan Reportedly Consider Merger to Combat Chinese AutomakersHonda and Nissan are exploring a merger to solidify their position against the rising dominance of Chinese automakers in the global electric vehicle market.
Read more »
Nissan and Honda Deny Merger Reports, but Confirm Cooperation TalksNissan and Honda are in talks about closer collaboration, but have denied reports of a merger. The news sent Nissan's share price soaring while Honda's dipped. Mitsubishi Motors is also part of the discussions.
Read more »
Nissan, Honda Denying Merger Rumors, Exploring Closer CollaborationNissan and Honda are in talks about closer collaboration, but deny reports of a merger. The news sent Nissan's share price soaring while Honda's dipped. Mitsubishi Motors, a member of Nissan's alliance, is also involved in the discussions.
Read more »
Nissan and Honda Confirm Talks on Closer CollaborationJapanese automakers Nissan Motor Corp. and Honda Motor Co. confirmed Wednesday that they are discussing closer collaboration but denied reports they have decided on a merger.
Read more »
Nissan, Honda mull merger to counter Chinese EV challengeNissan's share price surged after reports of a potential merger with Honda, forming the world's third-largest automaker. The companies confirmed discussions about future collaboration but denied any decisions. The move aims to counter the rise of Chinese electric vehicle makers like BYD and Nio, which are gaining market share globally. Nissan, Honda, and Mitsubishi have already announced plans to share EV components and collaborate on autonomous driving software.
Read more »
Nissan, Honda Deny Merger Talks, But Confirm CollaborationNissan and Honda stocks reacted sharply after reports of a potential merger. While both companies denied a merger decision, they confirmed discussions for closer collaboration. The move is seen as a strategic response to the growing dominance of Chinese automakers in the electric vehicle market.
Read more »